Member Info for glenmorangie

no one said there was going to be a PR this morning - if you believe the rumour it was said sometime this month their would be an announcement - did you buy in yesterday ? or are you a long term holder or neither ?

Agree win4call - problem with the whole system is who would you complain to investigate - it is suppose to be the FCA but they are as useless as a chocolate fire guard. Probably most of their mates work in those very institutes they as suppose to investigate. I believe that the market makers take a hostile short position as their default on the majority of AIMs stocks, realising that most companies are not generating income and will need to raise money through stock placement to keep the buisnees running. The cycle continues until the Company fails (as most do)- God knows how many shares they will have shorted into the market by the end.

mikesum - I hear what you are saying and to a certain extent agree with your sentiment but from an investment point of view, wouldn't it have been better to sell when the alarm bells rang and then re-invest in the stock if you thought that there was up-side?
Anyways we all have our reasons for still holding the stock and mine is this - if you believe the PRs we should have sufficient funding for quite some time and the only new stock to hit the market should be at 1.5 and above (exercise of warrants) - would be commercially inept for the warrant holders to convert below 1.5 so hopefully no more new shares to the market until price moves up. The MMs have a field day when new shares enter the market, especially if the have a short position.
If new shares (out with warrant conversions) are issued by the Company to the market it should be to finalise an agreement/deal, which when announced should increase the price (hopefully significantly) - if the deal is materially positive for the Company and thus shareholders.

We can only hope this will be the case - what everyone PI has to decide is the risk/reward worth holding for.

I think the whole investment funding in the GridX investment is going to come down to timing i.e. If we assume that the 1st project is covered with the last placement (as stated in the PR)and we don't need to provide the additional funding ($4.2m) till after Q4 - after we start generating in Q4 as stated, then it might be easier to get funding if the financials on the 1st project look good.
By Q4 the share price might be higher (if there has been positive PRs on the payments due for our development costs) - so funding could be a mixture of loan, placement and maybe even using some of our development costs. The way I see it if the Power station goes ahead Ncondezi will have had to prove they can raise significant funds to cover their part of the project CAPEX costs.
What's another $4.2 million in the scheme of things - especially if there is quick turn around in the ROI - which the Gridex projects are looking like will deliver and would provide confidence to any entity providing us funding on these projects.

Just my thoughts.

Some people on this board (and other boards) have a very strange investment strategy - they come on purporting to be shareholders and then blast the Company, spreading negativity and doubt. The only impact they can reasonably expect from their comments is that some PIs reading their posts may panic sell putting even more downward pressure on a stock they say they own, thus having a greater negative impact on their investment. I must admit I have never read that as an approved strategy in any investment handbook - maybe I am reading the wrong ones or just maybe some posters are not what they state they are???.
If I was a PI in stock and wanted out at the best possible price I would not be making statements on message boards like 'run for the hills' and such like - just isn't smart - unless ???

Anyway best of luck to all.

P.S. I also don't appreciate people that come onto the boards and state that the price is going to be multiples of current price in a matter of weeks and the exact opposite happens, their agenda is obvious to.

From the NCCL PR 9.04.2019
GridX’s current development pipeline includes 15 projects in various stages of development with 6 advanced stage projects projected to enter construction in the next 18 months. Potential pipeline projects include luxury resorts, manufacturing facilities, port facilities and agri-businesses, with flexible design solutions for either off grid or on grid requirements. The advanced stage projects have a potential 1.4MWp of solar and 8.9MWh of battery storage, and are concentrated in Mozambique, Djibouti and Zambia. The current estimated project cost for the advanced stage projects is US$9.5m (100% equity basis), with the ROFR giving Ncondezi the right to fund a minimum of 50% of the equity requirement.

GridX is targeting its first new project to start construction in Q2 2019 with first cash flows by the end of Q4 2019. GridX has indicated a total capital cost for the first project to be US$1.1m, which the Company has provisionally allocated funds for from the Fundraising, subject to the approval of the project and relevant documentation.

This is turning into a farse - musical chairs regarding directors in and out. RICHIEBOY666 telling us to hang strong while the share price tanks nearly 50% and millions of shares being dumped by insiders. Wonder if annyone in the Company has any moral Compass?

Ever since certain individuals have came on to this board stating 'target pricing',' its only short term selling' and rumours about meetings with the General, all we have had is continued dumping of shares and dilution through warrant sellers. Potentilly a lot more to come if they all convert between 1.5 & 1.75 . Now down 25% - 30% to where we were. Funny that.

I make it that there is still 20,804,745 of dilution to take place, via the warrants issued still to be converted - 9,693,639 @ 1.5 and 11,111,106 @1.75 (issued 23.10.2018).
I don't know why RICHIEBOY is so optimistic about the share price heading north in the near term - I believe he stated that the warrant sellers would be out soon.
Add to that total, all the share options awarded to management/directors over the last 12 - 18 months and you have additional dilution still to come.
They are very good to themselves the Directors /Board of this company - they certainly Know how to dilute the stock and award themselves signficant cash related benefits - For doing what on a day to day basis ??. Wonder if they know how to deliver a deal (if there is a deal on the table?) - Lets hope.

Agree Mike, the other thing is why did he have to raise/dilute as much if we are due 20m in the coming months after deal is done with GE. Why did we have to secure enough fuds to take us to next year ? this will look extremely suspicious if the deal does not happen with GE. Believe me, I want this to happen as much as anyone on here, its ben a bloody long hall and I have quite a few quid in this. Just getting nervy I guess.

I agree Blue & Mike, I have been in from 2015 and to say that I am bloody frustrated with the way the company has handled the timing of their PRs in relationship to share price appreciation would be an understatement. Also agree that I am a little nervous now, I have waited a long time for something real and good to come out of this venture and hope that we are not going to get let down at last minute again. Fingers crossed for everyone that has endured to date.

happy, you make your statement as if you know there is going to be an announcement soon - have you been in touch with the company ??

that the shares were suspended from trading - hope we get an update soon and it is extremely positive and beneficial for all long waiting PIs. best of luck to us all.

As per their last press release I take it we are hoping for an update next week on timetable approval from the liaison committee? - if they get that then they should be able to publish the timetable in the same release. Any thoughts ?

The proposed work program and timetable targets approval being received from all Liaison Committee members before year end, however the timing will be dependent on feedback from the Liaison Committee and the review and agreement process. The Company is treating this process as a main priority and expects to start the JDA, EPC and O&M processes once agreement is made

AIM chief exec Lofgran breaks ranks to challenge market makers over naked shorts (NTOG)

by ValueTheMarkets • July 31, 2018

He gives the interview on the 31 July 2018 and exactly from that date to now the price has been walked down by 25% (look at the charts) and guess what, new posters start turning up trash talking the company - wonder what their agenda is ??

Absolute crooks the lot of them.

Thanks Ghost - do you think there will be a separate announcement this month regards relist?

Anyone have thoughts on the allocation of an additional 24,133,586 shares ? - thought there would have been something on returning to the market

Anyone have thoughts on the allocation of an additional 24,133,586 shares ? - thought there would have been something on returning to the market

Thanks Ghost - do we know what company will be producing the report?

CPR - meaning Cost Performance Report ???